CNBC News

If you’ve been wanting to own shares in the latest generation of space companies, now is your first chance. Social Capital Hedosophia, the investment vehicle of venture capitalist Chamath Palihapitiya, is merging with Richard Branson’s Virgin Galactic in a deal that will open the space tourism company to public investors later this year. Social Capital Hedeosophia will own 49% of the combined company. Investors can already buy shares of Social Capital Hedosophia and, therefore, can…

President Barack Obama Jewel Samad | AFP | Getty Images Health-care stocks fell Tuesday ahead of a legal showdown between the Trump administration, a group of Republican-led states and more than a dozen Democratic state attorneys generals over the constitutionality of the Affordable Care Act before the U.S. 5th Circuit Court of Appeals in New Orleans. Three judges — Carolyn Dineen King, Jennifer Walker Elrod and Kurt D. Engelhardt — will hear 90 minutes of…

It can be so tempting to want to jump on every enticing credit card offer that comes your way (hello, thousands of rewards points and cash-back deals!). But before you sign up, it’s worth taking a minute to think about your long-term plans for that credit card and how cancelling a card later might impact your credit score. In a 2019 Bankrate survey, 61% of American credit cardholders said they had cancelled at least one…

NBC / Contributor AT&T‘s WarnerMedia announced on Tuesday that its new streaming service will be called HBO Max. As the name implies, it includes a lot more than just content from HBO. HBO Max will include content from Warner Bros., New Line, DC Entertainment, CNN, TNT, TBS, truTV, The CW, Turner Classic Movies, Cartoon Network, Adult Swim, Crunchyroll, Rooster Teeth, Looney Tunes and other content providers. It also includes exclusive rights to stream all 236…

An interest rate reduction by the Federal Reserve, if it were to happen, probably wouldn’t lead to a big increase in stocks, the chief U.S. equity strategist at Goldman Sachs told CNBC on Tuesday. “A lot of that rise in the market, in my estimation, is already behind us,” said Goldman’s David Kostin in a “Squawk on the Street” interview. “Ninety percent of that rally has been about multiple expansion.” With the market expecting a…

“Stranger Things” season three picks up in the summer of 1985. The Hawkins crew are on the cusp of adulthood and faced with enemies old and new. Netflix Netflix’s hit science fiction show “Stranger Things” has captivated audiences with its spooky plot, lovable characters and, of course, its nostalgic nods to the ’80s. While the show, now in its third season, has what seems like hundreds of hidden Easter eggs and obvious nods to pop culture…

PepsiCo’s stock could be about to fizzle, according to one trader. The food and beverage giant’s fiscal second-quarter earnings report topped analysts’ estimates on Tuesday, showing strong sales and solid growth. And while the stock only moved slightly on the beat, falling shy of its average 3% post-earnings move, this move can tell investors a lot about the layout for defensive stocks, said Dan Nathan, co-founder and editor of RiskReversal.com. “The stock is … kind…

A degree from a top business school has long been seen as a direct path to a job at a top company, but new data demonstrates just how much it costs to pursue that route. Bloomberg Businessweek surveyed more than 10,000 2018 graduates of MBA programs from 126 schools about the amount of debt they piled on earning their degrees. The survey found that almost half of students at leading business schools around the world…

Apple CEO Tim Cook stands in front of an MacBook on display after an Apple special event at the Yerba Buena Center for the Arts on March 9, 2015 in San Francisco, California. Getty Images Apple discontinued its standard 12-inch MacBook on Tuesday, while at the same time introducing new lower-cost MacBook Air and 13-inch MacBook Pro computers. The MacBook design, introduced in 2015 as the smallest and lightest laptop sold by Apple, no longer…

Trucks carrying cars queue in front of the Otay Mesa border crossing in Tijuana. Omar Martinez | picture alliance | Getty Images Remember President Donald Trump’s threat to slap a tariff on every product the U.S. imports from Mexico? That threat in early June, which the President later dropped, had auto executives worried. The latest numbers from Mexico shows why so many in the auto industry were so concerned. Mexican factories sent 1.37 million vehicles north…